Enlight Research publishes updated coverage on Eleving Group

Eleving Group announces that Enlight Research has published an updated research report following the Group’s six-month financial results. 

Analysts increased their Base Case fair value estimate to EUR 2.44 per share, implying an upside potential of approximately 46% compared with the current market price of EUR 1.68 as at August 17.

Key highlights from the report:

• Q2 2026 total revenue reached EUR 87.2 million, approximately 10% above Enlight Research’s estimate.
• Q2 2026 net profit to equity holders amounted to EUR 8.8 million, 37% above estimate.
• The loan book grew 39% year-on-year to EUR 522 million, ahead of the analyst’s forecast of approximately EUR 472 million.
• The Company remains on track to meet or beat its full-year 2026 targets for the loan book, revenue, and net profit before FX.
• Enlight Research raised its 2026–2028 estimates and increased its Base Case fair value to EUR 2.44 per share, from EUR 2.25 previously. The report implies a P/E of 5.8x and a P/BV of 1.7x for 2026E.

The full report is available here.